Decorative Paints – Overview
- Revenue up 3 percent, mainly due to favorable currency effects, offset by lower volume
- Operating income up 194 percent, due to the new operating model, lower restructuring expenses and cost containment
- ROS increased to 5.6 percent (2014: 2.0 percent); ROI increased to 9.8 percent (2014: 5.9 percent on a comparable basis)
- New operating model in place and working well
Revenue increased 3 percent compared with 2014, due to a 7 percent favorable currency effect, offset by an adverse volume and price/mix impact. Volumes for the first quarter were up in Latin America, although down in Europe and Asia due to a slow start to the season. Operating income improved due to the benefits of our new operating model, lower restructuring costs, strict cost containment and favorable currency developments.